v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Values of Financial Instruments
The following tables summarize the fair values of financial instruments:
June 30, 2026
($ in millions)TotalLevel 1Level 2Level 3
Financial Assets:
Money market investments$14.1 $14.1 $ $ 
Split-dollar life insurance policies14.9  14.9  
Interest rate swaps
3.3  3.3  
Commodity forwards18.8   18.8 
$51.1 $14.1 $18.2 $18.8 
Financial Liabilities:
Foreign exchange contracts
$3.2 $ $3.2 $ 
Commodity forwards3.3   3.3 
$6.5 $ $3.2 $3.3 
December 31, 2025
($ in millions)TotalLevel 1Level 2Level 3
Financial Assets:
Money market investments$14.1 $14.1 $— $— 
Split-dollar life insurance policies24.8 — 24.8 — 
Foreign exchange contracts
11.6 — 11.6 — 
Interest rate swaps
0.4 — 0.4 — 
$50.9 $14.1 $36.8 $— 
Financial Liabilities:
Commodity forwards$3.5 $— $— $3.5 
$3.5 $— $— $3.5 
Schedule of Fair Value of Debt
The following table summarizes the Company's estimates of the fair values of its debt as of the periods presented:
June 30, 2026December 31, 2025
($ in millions)Carrying Value
Fair Value
Carrying Value
Fair Value
Term Loans$3,082.3 $3,105.4 $3,067.6 $3,082.9 
6.250% Senior Notes
712.8 717.4 712.8 719.0 
3.875% Senior Notes
497.9 504.9 512.2 522.1 
4.375% Senior Notes
719.2 730.8 714.8 729.4 
Non-tendered Original Senior Notes
13.0 12.9 13.3 13.2 
Total
$5,025.2 $5,071.4 $5,020.7 $5,066.6